Ann: Letter to Shareholders, page-3

First 3 Last

Share
Profile

Follow
qf8

1,142 Posts.

38

16/09/15

14:13

Post #: 16002980
Share
Originally posted by xme ↑

In this letter to Shareholders, Chairman Jennifer Hill-Ling draws a parallel between the decline in the competitiveness of Australian manufacturing, and a decline in the fortunes of Hills Limited, formerly an iconic Australian manufacturing company.

Three years ago the company embarked on a restructure of its operations, selling under-performing manufacturing assets and acquiring businesses in the higher-yielding services sector including Security, Audio-visual and health services.

The FY 2015 results include the following outcomes:

Revenue was $427.8 million, down from $737.2 million

There were accounting impairments (non-operating items) of $97 million for the year.

Although the Underlying NPAT was 11.1 million. the impairments resulted in a Statutory Net Loss of $85.9 million.

Net debt is $32 million (19%)

There is a $110 million 3 year banking facility available.

Staff numbers have been reduced by 67% from 2,642 in FY 2012 to 862 in FY 2015.

At present the share-price is still in a down-trend, but at 40 cents, value investors will no doubt be looking at the stock as one that could transition into a profitable uptrend.

Expand

I doubt it.. This stocks headed for 20c.. Every business they have aquired they have driven into the ground.
The first thing they need to do is round up anyone that has worked previously for Telstra or the NBN and sack them. Then they might have half a chance.
Last edited by qf8: 16/09/15

HIL Price at posting: 39.2¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

Bitcoin investors need to know the risks

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

ASX hits all time high out the gate on Friday trades following bullish US inflation data

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

There are more pages in this discussion • 15 more messages in this thread...

First 3 Last

Add HIL (ASX) to my watchlist

Ann: Letter to Shareholders, page-3

Top Stories

Bitcoin investors need to know the risks

Immutep reports strong response rate from immunotherapies treating carcinomas

ASX hits all time high out the gate on Friday trades following bullish US inflation data

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Nimy to raise $1.21M to explore 'newsy' WA targets

Almonty locks in govt agreement for tungsten oxide plant in South Korea

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Featured News